Monetary Statistics for April 2014

Press Releases

30 May 2014

Monetary Statistics for April 2014

According to statistics published today (Friday) by the Hong Kong Monetary Authority, total deposits with authorized institutions rose by 2.2% in April 2014. With demand, savings and time deposits increasing, Hong Kong-dollar deposits went up by 2.3% during the month. Overall foreign-currency deposits grew by 2.1% in April, while renminbi deposits in Hong Kong increased by 1.6% to RMB959.9 billion at the end of April. The total remittance of renminbi for cross-border trade settlement amounted to RMB461.5 billion in April, compared with RMB602.4 billion in March.

Total loans and advances edged up by 0.4% in April, within which loans for use in Hong Kong (including trade finance) increased marginally by 0.3% and loans for use outside Hong Kong grew by 0.7%. As Hong Kong-dollar loans expanded at a slower rate than deposits, the Hong Kong-dollar loan-to-deposit ratio decreased to 82.7% at the end of April from 84.3% at the end of March. 

Seasonally adjusted Hong Kong-dollar M1 picked up by 2.2% in April and rose by 9.2% year on year. Seasonally unadjusted Hong Kong-dollar M3 grew by 2.2% and expanded by 8.6% from a year earlier. 

Annex

Hong Kong Monetary Authority
30 May 2014

 

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Last revision date : 30 May 2014